Topic: [ANN] LockChain [Pre-Sale 29.09] | Decentralized Booking & Vacation Marketplace - page 5. (Read 7597 times)

please explain to me what AIRDROP is referred to in the Twitter feed of the official LOC? 

Very disappointed to hear about the $500k airdrop in June

While it follows a PayPal-esque model (who famously bootstrapped by giving $10 each to new users)
Unfortunately it is completely misplaced in the token model & over the last 5 years I’ve watched probably >100 tokens attempt to apply the same flawed strategy.

In the PayPal example they had money set aside to fund the incentive. However if they were giving away $10 dollars each in shares of their relatively illiquid, low value start-up, they would have also lost the majority of their valuation & not attracted new users in the process. (The illusion is that at a $10 Million Cap you have $0.5 Mil to give away but unfortunately in illiquid start-up tokens, the buy support is not there and will completely evaporate as investors see the short term selling pressure from even $50k of airdrops. Nearly all tokens quickly stop airdrops tied to a specific dollar amount.)

In practice the airdrop will severely decrease the share price, thereby scaring away existing investors and supporters, while also not encouraging adoption as new users will quickly sell a dropping token. There are also active groups that target share drops for profit, so low customer conversion & there are also groups that successfully employ mass multi-accounting to game airdrops too.

At the current valuation your $500k June promotion is giving away circa 500k LOC (But the cost in LOC terms will rapidly increase as the LOC price decreases but you are still price fixed to $10)

A Customer acquisition strategy that does work is incentives for

a) making a purchase using the platform
b) holding the tokens medium to long term
c) NEVER price fix to a $ amount

Very quick but...

Alternative Promotion

Every single day 10 random LOC customers will win 150 LOC Tokens Each!!

Conditions:

- You must have booked at least one night’s stay via the platform in the last year & you must have a balance of >$10 worth of LOC in your account at the time of the draw. (Every additional $10 worth of LOC you have in your account gives you another chance to win!)

COST: Circa 500k LOC per year

FOR INVESTORS:
Most existing investors would be rapidly converted to LOC customers & long term holders.

(A 500k LOC p.a promotion would be the equivalent of a 10-25% p.a return on LOC held long term assuming 2-5 Million LOC participating in the promotion.)

FOR CUSTOMERS:
A) Would be incentivized to make their first booking & maintain a small LOC balance.
B) Are incentivized to frequently visit the platform to check if they’ve won.
 

LOC Supply/Demand

TOKENOMICS 101: In a potentially high revenue token business, such as hotel bookings you should incentivize HODLing so your capital flows are driven through a lower circulating supply to maximize token appreciation as your user base and revenue grows.

I know you won’t change your existing promotion at this late stage due to a random post but hopefully you will know now to pull the plug when LOC inevitably rapidly drops >50%+. Good Luck

In my opinion, all exchanges that exist today, already have good standards, for security in implementing every user is required to verify their identity data and use 2FA's security, so not only large projects dare to register their tokens in a market that has good volume, such as exchange of Bitfinex, Bittrex, Binance, Hitbtc.

$500,000 LockTrip Airdrop in June. Claim Free LOC Tokens!
https://www.youtube.com/watch?v=x8yNzo7s7e0

Only 3-5 minutes to complete and get $10 worth of LOC tokens!
LockTrip, the first hotel & vacation rental marketplace with 0% commissions on your booking, is excited to announce the LOC airdrop launch on the 1st June 2018.

Additional tokens as a reward - $5 per each referred person via your unique referral ID.
The concept of the airdrop is to engage a broad and healthy community and to spread the word about our amazing project — LockTrip and our native LOC token.

Be patient and you will soon be awarded a high price for the LOC token. I think a good exchange will not keep us waiting long!

Please tell me when will LOC be transferred to more promising exchanges? And the fact that the volume is lacking.

LOC to be listed on FatBTC exchange on 23th May 2018

LOC will be listed on the 23th May on FatBTC .

Fatbtc.com has opened deposit of LockTrip( LOC )

LOC / BTC trading will start at 14:00, May 23th（UTC+8).



FatBTC.com is an Asian exchange which has fast growing volumes, a super fast trade engine, good reputation and solid security.

The current 24h volume of FatBTC is ranging between 36M and 41M according to CMC https://coinmarketcap.com/exchanges/fatbtc/

LOC will be listed against BTC

Here is the official announcement from the exchange : https://fatbtc.com/news-detail-122.htm

Official Tweet: https://twitter.com/FatBTC/status/998444624921350144

Click Here to Signup on FatBTC and start trading LOC from 23th May onward.

https://medium.com/@LockChainCo/loc-to-be-listed-on-fatbtc-exchange-on-23th-may-2018-2648915a64f6

I see a huge potential of project, but such comission is something. Need normal trading platform. Bitfineks now delisted a lot of projects without product, but can list LOC, as i see

such interesting to join this project, although many projects with the same concept, it seems this project is one of the most promising and i will continue to see the progress of this project, hopefully can be a successful one

Why there is complete silence across the channels. At the start of this month we had to see good updates. Now two weeks passed already and didn't hear anything from the team. If someone is actively checking this thread from team should update us on what's going on behind the scene and what is next for short term to bring LOC in center of attention.

After rebranding will be great to see new name mentioned in the title space. I started to search using new changed name but didn't reach at thread. I think adding new name alongwith old one would have good results to play role of bridge between old and new investors to access the thread.

so far, there are no serious competitors for this project and I think in the near future there will be none.

You should check out travelblock www.travelblock.io

well, I personally think travelblock will smash this... but we shall se..

Who are the competitors to Lockchain/trip?

Bee Token or Travelblock?

So there is no difference what name is on iobit is explained to me in telegrams channel official.

In my opinion these coin has possibilty to going up multiple times from current price in the long term because strong in fundamental.

what about YoBit? It's still the old name... Are the coins in YoBit the same or they are dead?

Hi, everybody. I missed the re-branding and my tokens are on a cold wallet. Will they automatically change the name? Or do I have to put them on the stock exchange?

I didn't catch up that news about rebranding on 24th of this month. A major upgrade for larger adoption but there is less than a week and still many people don't know about this news. It should be seamless change at developers end to complete if there is any. I will do search for my own convenience as well to be sure about next.